
Department of Commerce signs four new CHIPS funding agreements
The four funding packages will support the expansion and modernization of multiple facilities
The four funding packages will support the expansion and modernization of multiple facilities
Will seek to prohibit access to advanced AI chips and AI model weights
Arizona chips on par with those being produced in Taiwan
Industry groups warn of "significant adverse consequences" if the legislation is rushed through
The CHIPS and Science Act faces uncertain under incoming President Trump
Will support the three companies' planned investments across Texas, Utah, and Arizona
Plus a roundup of some other recent chip funding news
Funding awarded under Small Business Innovation Research program
Department of Commerce proposes detailed reporting requirements
Company planning to invest $18bn across the two states
Will be used to support chip manufacturer’s $3.87bn HBM plant in West Lafayette, Indiana
Plant will be largest of its type in the US
If approved, funding will support sites in Texas and Missouri
First facility is expected to be operational in 2025
Department has signed a non-binding preliminary memorandum of terms with the company
Further extends program launched by department in 2023
Secretary of Commerce Gina Raimondo was asked about consequences at a committee hearing
It's the last grant to be awarded as part of the $1.5bn program
Know your customer-style regulations could be introduced for public cloud providers
After companies refuse to hand over information
As long as the private sector chips in too